Analyst: The proportion of loss positions in the active supply of Bitcoin has exceeded that of profitable positions

Analyst Darkfost posted that the proportion of Bitcoin's active supply that is in a loss state has exceeded the proportion that is in profit. This estimate excludes Bitcoin that has not moved for over 10 years (most of which is considered illiquid).

Adjusted, it is estimated that less than 45% of the supply is in profit. Historical data shows that when this proportion is below 40%, it often corresponds to the lows of market correction phases; conversely, when this proportion approaches 100%, the risk of market reversal increases.